The global electronic adhesives market size accounted for USD 5.20 billion in 2023 and is expected to attain around USD 12.40 billion by 2033, growing at a CAGR of 9.07% from 2024 to 2033.
Key Points
- Asia Pacific dominated the electronic adhesives market in 2023 and accounted for 32% revenue share.
- North America is the fastest-growing region in the global market.
- By resin type, the epoxy segment has accounted market share of around 37% in 2023.
- Based on application type, the surface mounting segment dominated the market in 2023.
- Based on end user, the consumer electronics segment dominated the market in 2023 and will continue doing so throughout the forecast period.
The electronic adhesives market is a rapidly growing sector within the electronics industry. These adhesives are used for bonding electronic components and devices, including printed circuit boards (PCBs), semiconductors, and display panels. They offer strong bonding and sealing capabilities, helping to enhance the performance and durability of electronic devices. As technology advances and the demand for miniaturization and lightweight components increases, electronic adhesives play a crucial role in maintaining reliability and efficiency in electronics manufacturing.
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Growth Factors:
Several factors contribute to the growth of the electronic adhesives market. The increasing demand for consumer electronics, such as smartphones, tablets, and wearables, drives the need for advanced adhesives. Additionally, the rise in electric and autonomous vehicles necessitates reliable adhesives for electronic systems within these vehicles. The ongoing advancements in technologies such as 5G, IoT, and AI also require sophisticated adhesives to ensure seamless integration and connectivity in electronic devices.
Regional Insights:
The Asia-Pacific region dominates the electronic adhesives market due to its strong manufacturing base and high demand for electronic devices. Countries like China, Japan, and South Korea are major contributors to market growth, driven by their robust electronics manufacturing sectors. North America and Europe also hold significant market shares, with a focus on innovation and advanced technology development.
Electronic Adhesives Market Scope
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 9.07% |
| Global Market Size in 2023 | USD 5.20 Billion |
| Global Market Size in 2024 | USD 5.67 Billion |
| Global Market Size by 2033 | USD 12.40 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Resin Type, By Form, By Application, and By End-user Industry |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Electronic Adhesives Market Dynamics
Drivers:
Key drivers for the electronic adhesives market include the continuous growth of the electronics industry, particularly in the consumer electronics and automotive sectors. The demand for miniaturization and lightweight electronic components further fuels the need for high-performance adhesives. Additionally, the rise in renewable energy sources, such as solar panels and wind turbines, creates new opportunities for electronic adhesives in power electronics applications.
Opportunities:
The market presents opportunities for the development of eco-friendly and sustainable adhesive solutions to meet the growing demand for environmentally conscious products. Innovations in adhesive formulations, such as conductive adhesives and advanced thermally conductive adhesives, can cater to emerging technologies and applications. Expansion into emerging markets and collaborations with electronics manufacturers also provide growth prospects.
Challenges:
One of the main challenges faced by the electronic adhesives market is the need to meet stringent quality and performance standards in electronic devices. Adhesives must withstand harsh environmental conditions and ensure long-term reliability. Additionally, the competitive landscape and price pressures may pose challenges for manufacturers to maintain profitability while meeting market demands. Developing adhesives with the right balance of strength, flexibility, and thermal conductivity remains a key challenge in this market.
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Recent Developments
- In May 2023, Arkema acquired Polytec PT, a German company that specializes in manufacturing adhesives for batteries and electronic products. The company has sales worth 15 Euros and has its main production site in Karlsbad, Germany. Arkema assures us that it will strengthen the company further by serving the best in the ever-growing batteries and electronics market.
- In February 2024, Intertronics, a company specializing in adhesive manufacturing, launched a structural adhesive selection guide. It will help the manufacturers find the right optimal adhesive for their application in order to get a strong and highly effective bond. In this guide, one can find a detailed overview of the chemistries of five structural adhesives: Epoxy, polyurethane, cyanoacrylate, UV curing, and methyl methacrylate (MMA). The guide has been designed in a way that will benefit a wide range of industries, including automotive, aerospace, electronics, construction, etc.
Electronic Adhesives Market Companies
- Arkema
- 3M
- Ashland
- AVERY DENNISON CORPORATION
- BASF SE
- Beardow Adams
- CHEMENCE
- Covestro AG
- Dow
- Fuller Company
- Henkel AG & Co. KGaA
- Huntsman International LLC
- Illinois Tool Works Inc. (ITW)
- MAPEI S.P.A.
- Permabond LLC
- Pidilite Industries Ltd.
- Sika AG
Segments Covered in the Report
By Resin Type
- Epoxy
- Acrylics
- Polyurethane
- Silicone
- Others
By Form
- Liquid
- Paste
- Solid
By Application
- Conformal Coatings
- Surface Mounting
- Encapsulation
- Wire Tacking
- Others
By End-user
- Consumer Electronics
- IT Hardware
- Automotive
- Medical
- Aerospace & Defense
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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